《纽约时报》报道指出，这一战略调整源于元宇宙业务的持续困境。作为Meta元宇宙愿景的核心载 体，现实实验室过去四年累计亏损超700亿美元，其主导的虚拟现实（VR）设备虽有技术突破，但未获 消费者广泛认可。与此同时，Meta与雷朋合作推出的AR眼镜意外走红，不仅内置AI助手支持语音交 互，销量还持续超出内部目标，成为业务新增长点。 此外，投资者对元宇宙业务的高成本日益警惕，而VR领域竞争压力缓解也为调整创造了空间。值得注 意的是，Meta近期动作频频：不仅在开发者大会推出三款新智能眼镜，还聘请苹果资深设计师艾伦・ 戴伊牵头新创意工作室，聚焦可穿戴设备的设计与技术融合。Meta发言人强调，此次调整仅为投资重 心优化，不涉及更广泛业务变动。（旺旺） 来源：环球网 【环球网科技综合报道】12月5日消息，据《纽约时报》报道，Meta正考虑削减其现实实验室（Reality Labs）旗下元宇宙部门10%-30%的员工，裁员最早可能于下月落地。公司明确表示不会放弃元宇宙建 设，但将把裁员节省的资金转向增强现实眼镜（AR眼镜）等可穿戴设备领域。 ...

Group 1: Tesla Performance - Tesla achieved a significant milestone by ranking 10th in the annual automotive brand rankings by Consumer Reports, up from 18th place in 2024 [1] - The improvement in Tesla's ranking reflects ongoing enhancements in product quality and reliability, attributed to optimized production processes [1] - Tesla's stock price increased by 1.74% during the trading session, with a trading volume of $32.2 billion, making it the top stock by volume [1] Group 2: Other Market Performers - Nvidia ranked second in trading volume with $30.4 billion, and its stock price rose by 2.12% [2] - Meta Platforms, with a trading volume of $19.8 billion, saw its stock price increase by 3.43%, while CEO Mark Zuckerberg plans to cut the metaverse business budget by up to 30% [2] - Amazon's stock price fell by 1.41% with a trading volume of $10.4 billion, as the company evaluates its partnership with the U.S. Postal Service [2] - Snowflake's stock price dropped by 11.41% with a trading volume of $6.059 billion, despite expanding its partnership with Anthropic [2] - Micron Technology's stock price decreased by 3.21% with a trading volume of $5.311 billion, as the company shifts focus away from consumer storage products to high-performance AI chip storage [2]

文字早评 2025/12/05 星期五 宏观金融类 股指 【行情资讯】 1、2025 年 12 月 5 日，中国人民银行将以固定数量、利率招标、多重价位中标方式开展 10000 亿元买断 式逆回购操作； 3、台积电鲁立忠表示，AI 功耗正呈现指数级增加，能源效率成为 AI 能否普及的关键因素。新技术节点 可比上代减少 30%功耗； 4、世界黄金协会(WGC)报告预计，美债收益率下行、地缘政治风险高企以及显著增强的避险需求叠加， 将为黄金提供极为强劲的顺风，2026 年黄金价格有望再上涨 15%至 30%。 期指基差比例： IF 当月/下月/当季/隔季：-0.35%/-0.76%/-1.20%/-2.31%； IC 当月/下月/当季/隔季：-0.42%/-1.24%/-2.86%/-5.82%； IM 当月/下月/当季/隔季：-0.49%/-1.54%/-3.60%/-6.90%； IH 当月/下月/当季/隔季：-0.21%/-0.49%/-0.53%/-1.03%。 【策略观点】 近期市场轮动加快，风偏有所降低。从大方向看，政策支持资本市场的态度未变，科技成长仍是市场主 线，指数中长期仍是逢低做多的思路为主。 ...

扎克伯格的"元宇宙梦"快要做不下去了。 智通财经记者 | 宋佳楠 核心社交平台Horizon Worlds的表现也不尽如人意，自2021年上线后用户增长乏力。数据显示，其上线初期三个月，月 活用户曾达30万，但后续未能形成有效网络效应，至今用户规模远未达预期，被分析师评为"无法造血的资源黑洞"。 这与2021年扎克伯格的雄心形成鲜明对比——当年他高调将公司更名为Meta，宣称元宇宙将成为"下一代互联网"，并承 诺打造"如点击链接般便捷的虚拟传送体验"。为此，仅Reality Labs的AR眼镜研发投入就占该部门2022年支出的一半以 上。 多重困境促使Meta不得不做出战略转向。除持续亏损引发的投资者质疑外，监管机构对虚拟世界儿童隐私安全的批 评、行业技术成熟度与用户需求的落差，均成为元宇宙业务失速的重要因素。 事实上，扎克伯格近年已极少在公开场合提及元宇宙，今年三季度财报会议上更是全程聚焦AI战略，原元宇宙负责人 Vishal Shah已调任AI产品副总裁，接管超级智能实验室，凸显战略重心的转移。 市场对这一调整反应积极，消息传出后Meta股价盘中涨超3%，创下7月31日以来最大单日涨幅。 12月5日，据智 ...

知情人士透露，Meta计划大幅削减元宇宙部门预算，最高可能达30%，并可能在明年1月裁员。 最新消息显示，扎克伯格将大幅削减Meta用于建设"元宇宙"的资源——这一项目曾被他视为公司的未来，也是将 公司从Facebook更名为Meta的理由。 知情人士透露，Meta高管们已讨论在明年将元宇宙部门的预算削减高达30%的可能性。该部门包括虚拟世界产 品Meta Horizon Worlds和Quest虚拟现实业务。 上月，扎克伯格在夏威夷住所主持了一系列会议。作为2026年度预算规划的一部分，他不仅计划削减元宇宙，还 要求各高管全面削减约10%的项目，这与过去几年预算周期中的标准要求一致。 知情人士表示，如此大幅的削减很可能意味着Meta最早在明年1月就会裁员。元宇宙部门被要求更深度削减，因 为公司并未看到预期的竞争程度。不过，公司尚未敲定最终决定。 他们表示，多数削减预计将落在Meta的虚拟现实团队上，因为这部分占据了元宇宙相关支出的大头，Horizon Worlds也将成为削减目标。 2021年，扎克伯格以元宇宙理念为核心重新塑造公司，并开始大举投入。但整个元宇宙计划一直受到投资人的质 疑，他们认为该项目是资 ...

Market Overview - The three major indices showed mixed performance, with the Shanghai Composite Index down 0.07% at 3873.12 points, the Shenzhen Component Index up 0.10% at 13020.29 points, and the ChiNext Index up 0.55% at 3084.22 points [1] Economic and Policy Developments - President Xi Jinping emphasized the need for China and France to expand cooperation in traditional sectors like aviation and nuclear energy, while also exploring potential in green economy, digital economy, biomedicine, AI, and new energy [2] - The Ministry of Commerce stated that China is implementing export controls on rare earths in accordance with laws and regulations, aiming to maintain global supply chain stability [2] - The People's Bank of China announced a 1 trillion yuan reverse repurchase operation scheduled for December 5, 2025, using a fixed quantity and multi-price bidding method [2] Industry Insights - The World Gold Council predicts that gold prices could rise by 15% to 30% by 2026 due to declining U.S. Treasury yields, heightened geopolitical risks, and increased demand for safe-haven assets [2] - The China Council for the Promotion of International Trade is engaging with the U.S. semiconductor industry to enhance cooperation and maintain supply chain stability [3] - TSMC highlighted that AI power consumption is increasing exponentially, making energy efficiency a critical factor for AI adoption [3] Company Announcements - Doubao Mobile's initial stock of 30,000 units sold out, with further material not yet ordered, while ByteDance and ZTE have initiated R&D for their second-generation products expected to ship by the end of 2026 [3] - Xingfa Group announced a contract with BYD's subsidiary for an 80,000 tons/year lithium iron phosphate processing agreement [3] - Meta's CEO plans to reduce spending on the metaverse project by up to 30% [7] Market Sentiment and Predictions - Financial analysts suggest that the A-share market is currently experiencing low activity, with a cautious sentiment among investors, and anticipate a potential new bullish phase as institutional funds begin to position for 2026 [8] - According to招商证券, net inflows of incremental funds are expected to remain stable in December, with foreign capital activity likely to increase [9]

Group 1 - The Dow Jones increased by 0.11%, the S&P 500 rose by 0.21%, and the Nasdaq gained 0.3% [1] - Meta's stock surged over 5% as the company plans to cut its metaverse project spending by up to 30% [1] - Chinese concept stocks mostly rose, with Tiger Securities increasing by over 9%, and both Xpeng Motors and NIO rising by more than 3% [1]

Core Viewpoint - Meta's CEO Mark Zuckerberg plans to cut spending on the metaverse projects by up to 30%, which may include layoffs starting as early as January next year [1] Group 1: Spending Cuts - The spending reduction will affect the virtual world platform "Meta Horizon Worlds" and the virtual reality division Quest [1] - The decision regarding the extent of the cuts has not yet been finalized [1]

Group 1: International Macro - The number of initial jobless claims in the U.S. reached the lowest level since September 2022, with a decrease of 27,000 to 191,000, against an estimate of 220,000 and a previous value of 216,000 [7] - Market expectations for a Federal Reserve interest rate cut are rising, with an 87% probability of a cut next week according to the CME FedWatch Tool [7] Group 2: Corporate News - Meta is considering a budget cut of up to 30% for its metaverse division, which includes products like Meta Horizon Worlds and the Quest virtual reality department, with potential layoffs as early as January 2026 [8] - Microsoft announced a global price increase for Office software subscriptions for business and government customers starting July 2026 [9] - Mercuria plans to withdraw over 40,000 tons of copper from Asian warehouses due to anticipated supply shortages, with the current value of this copper estimated at approximately $460 million [9] Group 3: Institutional Insights - The World Gold Council's 2026 outlook report indicates that gold prices may remain volatile due to ongoing geopolitical uncertainties, with potential increases of 15% to 30% under adverse conditions, or declines of 5% to 20% if inflation returns [10] - Goldman Sachs states that the recent rise in copper prices is driven by expectations of future supply tightness rather than current fundamentals, predicting that copper prices will fluctuate between $10,000 and $11,000 per ton until 2026, with a real shortage expected by 2029 [10]

Market Overview - The Dow Jones Industrial Average decreased by 31.96 points, or 0.07%, closing at 47850.94 [2] - The Nasdaq increased by 51.05 points, or 0.22%, closing at 23505.14 [2] - The S&P 500 rose by 7.40 points, or 0.11%, closing at 6857.12 [2] - European markets showed positive movement, with the Euro Stoxx 50 up by 23.52 points (0.41%) and the German DAX up by 188.32 points (0.79%) [2] - Asian markets had mixed results, with the Nikkei 225 rising by 1163.74 points (2.33%) while the KOSPI fell by 7.79 points (-0.19%) [2] Economic Developments - The U.S. initial jobless claims fell by 27,000 to 191,000, marking the lowest level since September 2022, and below the market expectation of 220,000 [4] - The Federal Reserve is expected to lower interest rates by 25 basis points in December, with 82% of economists in a Reuters poll supporting this view [7] - Kevin Hassett, the White House National Economic Council Director, indicated that the Fed should lower rates, aligning with recent statements from Fed officials [6] Corporate News - Meta is reportedly planning to cut its metaverse budget by up to 30%, which may lead to layoffs starting in January [9] - Microsoft announced a price increase for its Office software subscriptions for business and government customers, with some plans seeing a rise of 33% [9] - Apple has announced executive changes, with Jennifer Newstead set to become the new General Counsel in March 2026 [10] Commodity Market - Mercuria plans to withdraw over 40,000 tons of copper from LME warehouses, driven by anticipated supply shortages, with a current value of approximately $460 million [11]